Deal Structure
- Free Members: $40
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Pro Members:
$20
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Pro Plus and
VIP Members: FREE
Deal Structure
Learn how to structure real estate deals like a pro with this comprehensive course led by industry expert Brian Burke. Whether you’re exploring debt financing, flip house funds, rental funds, or multifamily syndications, this course dives deep into the strategies that set successful investors apart.
Learn how cashflow waterfalls work, including preferred returns and profit splits, and gain a clear understanding of essential metrics like cash-on-cash return, internal rate of return (IRR), and equity multiple. Brian breaks down complex topics like multi-tier waterfalls, share classes, and preferred equity—including how a “kicker” can maximize returns for investors.
This course goes beyond the basics, exploring deal nuances such as capital return strategies, catch-up provisions, and the priority of payments. Plus, you’ll gain valuable insights into the fees involved in real estate deals—from acquisition and development to asset management and disposition—helping you negotiate smarter and structure deals that work for everyone involved.
This course is for individuals raising capital, structuring syndications, or scaling their investment portfolio.
Section 1 of 5: Basic Structures
Learn the foundational structures commonly used in real estate investing, including examples such as flip house funds, rental house funds, and multifamily syndications.
Section 2 of 5: Cash Flow Waterfalls
Understand how cash flow is distributed between investors and sponsors, including straight splits, preferred returns, multi tiered waterfalls, and multiple share classes.
Section 3 of 5: Measuring Investment Performance
Review common performance measurements, including IRR, equity multiples, cash on cash return, and how the way returns are calculated can change how a deal appears.
Section 4 of 5: Deal Nuances
Explore the fine print that can materially affect investor outcomes, including preferred return language, return of capital timing, catch up provisions, and other deal structure details.
Section 5 of 5: Fees
Learn about common real estate investment fees, including acquisition, financing, development, construction, asset management, property management, and disposition fees.
Course Duration: 81 min
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Brian Burke
President and CEO of Praxis Capital- 34+ Years of real estate investment experience - 4,000+ Multifamily units - 700+ single-family homes - $800 Million + real estate acquired - $2 Billion lent to real estate investors - 2,000+ Passive investors, 40+ investor offerings
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